Another dismal day in the markets as an early move higher could not be sustained into the close. The RUT again the biggest loser down by over 1.1%.
Reits, real estate, semis, homies, airlines, gaming, retail, trannies and small caps were the worst sectors while metals, oils, defense and ags were the place to be.
Market internals were flat on the NYSE but way red on the NAZ with 800 more losers than winners.
NDX/OEX internals were also flat while the IBD 100, flush with energy and metal stocks showed more than 60 out of 100 in the green.
WINNERS- FTI CPLA TTES GSOL CMED CELG APOL HOLX TEVA GILD DISH NXY RTN IP ORCL WMB;
LOSERS- LTD CSC EK DELL USB INTC CMCSA F LEH MNST VRTX WYNN RYAAY SBUX BBBY VMED CMG ARGN PCLN ICE ININ PSEM TISI;
The DJIA closed up 13 while the SPX closed xactly unchanged at 1447.16. A little bump after the close has the QQQQ back to $50.55 and the trade from yesterday stays on probably into the middle of the month. Markets remain over sold as evidenced by the following RSI (2) numbers:
SPX 5
DJIA 10
RUT 2
MID 2
NAZ 3
NDX 11
